Direct Write-Off Method 2 Journalize the following transactions, using the direct write-off method of accounting for uncollectible receivables. Mar. 17: Received $3,170 from Matthew Chapman and wrote off the remainder owed of 87,160 as uncollectible. If an amount box does not require an entry, leave it blank. Mar. 17 July 29: Reinstated the account of Matthew Chapman and received 37,160 cash in full payment July 29 I b III July 29